Acorns · Acorns Terms of Service · View original document ↗

Class Action and Jury Trial Waiver

High severity Uncommon · 16 of 343 platforms
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Document Record

What it is

You give up the right to a jury trial and cannot join or lead a class action lawsuit against Acorns — all claims must be pursued individually through arbitration.

This analysis describes what Acorns's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

The waiver of jury trial and class action participation alters the procedural framework for dispute resolution by restricting proceedings to individual arbitration, which affects how and where claims can be adjudicated and the available remedies structure.

Consumer impact (what this means for users)

This waiver prevents you from joining other Acorns users in a collective lawsuit, which is typically the most effective remedy when many people suffer small financial harms — such as unauthorized fees or systemic errors — from the same company practice.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.
  • Opt Out of Arbitration
    Within 30 days
    The class action waiver is tied to the arbitration clause. To opt out of both, send written notice to Acorns within 30 days of accepting the Terms of Use. Include your full name, account number, and a clear statement that you are opting out of the arbitration and class action waiver provisions.

How other platforms handle this

Teachable Medium

You and Teachable agree to resolve any disputes through final and binding arbitration, except as set forth under Exceptions to Agreement to Arbitrate below. You also agree that disputes will only be resolved on an individual basis and not as a class, consolidated, or representative action.

Substack Medium

Any dispute arising from or relating to the subject matter of these Terms shall be finally settled by arbitration in San Francisco County, California, in accordance with the Streamlined Arbitration Rules and Procedures of Judicial Arbitration and Mediation Services, Inc. ("JAMS") then in effect, by ...

Netflix Medium

WHERE PERMITTED UNDER THE APPLICABLE LAW, YOU AND NETFLIX AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. Further, where permitted under the applicable law, unless ...

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▸ View Original Clause Language DOCUMENT RECORD
"
YOU AND ACORNS WAIVE ANY RIGHT TO A JURY TRIAL. YOU ALSO WAIVE ANY RIGHT TO PARTICIPATE AS A PLAINTIFF OR CLASS MEMBER IN ANY CLASS ACTION PROCEEDING. NOTHING IN THESE TERMS OF USE SHALL AFFECT ANY NON-WAIVABLE STATUTORY RIGHTS THAT APPLY TO YOU.

— Excerpt from Acorns's Acorns Terms of Service

ConductAtlas Analysis

Institutional analysis (Compliance & governance intelligence)

(1) REGULATORY FRAMEWORK: Class action waivers in consumer financial services contracts are regulated under Dodd-Frank Act Section 1028 (CFPB arbitration rulemaking authority), FTC Act Section 5 (unfair or deceptive acts), and state consumer protection statutes including California's Consumers Legal Remedies Act (CLRA, Cal. Civ. Code § 1750 et seq.) and New York General Business Law § 349. The Supreme Court upheld class action waivers in AT&T Mobility LLC v. Concepcion (563 U.S. 333, 2011) and American Express Co. v. Italian Colors Restaurant (570 U.S. 228, 2013), providing federal precedent for enforceability. (2)

Full compliance analysis

Regulatory citations, enforcement risk, and due diligence action items.

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Applicable agencies

  • CFPB
    The CFPB has statutory authority under Dodd-Frank Section 1028 to regulate class action waivers in consumer financial product agreements.
    File a complaint →

Applicable regulations

FAA
United States Federal

Provision details

Document information
Document
Acorns Terms of Service
Entity
Acorns
Document last updated
May 5, 2026
Tracking information
First tracked
April 18, 2026
Last verified
April 18, 2026
Record ID
CA-P-002881
Document ID
CA-D-00171
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
3556a6294c711a9f21e9724c15204e0cd4633d587f15678cae73f7e8ac9a9bb4
Analysis generated
April 18, 2026 10:31 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Acorns
Document: Acorns Terms of Service
Record ID: CA-P-002881
Captured: 2026-04-18 10:31:41 UTC
SHA-256: 3556a6294c711a9f…
URL: https://conductatlas.com/platform/acorns/acorns-terms-of-service/class-action-and-jury-trial-waiver/
Accessed: June 17, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
High
Categories

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Frequently Asked Questions

What does Acorns's Class Action and Jury Trial Waiver clause do?

The waiver of jury trial and class action participation alters the procedural framework for dispute resolution by restricting proceedings to individual arbitration, which affects how and where claims can be adjudicated and the available remedies structure.

How does this clause affect you?

This waiver prevents you from joining other Acorns users in a collective lawsuit, which is typically the most effective remedy when many people suffer small financial harms — such as unauthorized fees or systemic errors — from the same company practice.

How many platforms have this type of clause?

ConductAtlas has identified this type of provision across 16 platforms. See the full comparison.

Is ConductAtlas affiliated with Acorns?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Acorns.